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Report
The impact of penalty rate cuts on personal tax revenue and welfare
Publisher
Taxation
Welfare state
Wages
Australia
Resources
Description
Overview
Research from the Australia institute has calculated the impact of the recent Fair Work Commission decision to cut penalty rates on the Commonwealth Budget.
The paper from Richard Denniss, Chief Economist at The Australia Institute, found reduced income tax collection from lower wages as well as greater welfare assistance for low income earners is, based on conservative assumptions, estimated to cost the budget bottom line $650 million over 4 years.
Publication Details
Copyright:
The Australia Institute
Access Rights Type:
open
Post date:
3 Apr 2017